Polaris Wealth Advisory Group

CRD#158718
Investment Advisor Firm

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Learn more about Polaris Wealth Advisory Group

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Polaris Wealth Advisory Group operates as a financial advisory company located in San Rafael, California. The firm oversees $1.5 billion in assets over 4,317 client accounts, making it one of the biggest firms in the United States by assets under management (AUM). Polaris Wealth Advisory Group has a small team, including 27 financial advisors. Polaris Wealth Advisory Group does not act as a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal assets like bonds, options and equities.

    Polaris Wealth Advisory Group administers all of the company's client assets in a discretionary manner. Discretionary management signifies that buy and sell decisions are made by an investment advisor without requiring the client's authorization. Polaris Wealth Advisory Group's average account size is $349,541. The typical advisor at Polaris Wealth Advisory Group oversees about 160 client accounts.

    The firm's central office is at 824 E St., San Rafael, California 94901. The firm is legally registered to provide services to investors across 51 U.S. states and territories.

    Assets Under Management

    $1.5 billion

    Number of Advisors

    27

    Disclosures

    No

    Office Location

    824 E St.
    San Rafael, CA 94901

    Polaris Wealth Advisory Group by the Numbers

    Total Assets Under Management

    $1.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    36

    National Average: 64
    Total Number of Accounts

    4,317

    National Average: 375,227
    Average Account Size

    $349.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Financial services offered by Polaris Wealth Advisory Group include financial planning services and portfolio management for individuals and small businesses. In the prior fiscal year, the firm provided 1500 of its customers with financial planning services. It does not sell products or offer services apart from investment advice to its investment advisory customers.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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    Fee Structure

    A financial advisor's fees usually depend on which services the firm provides the client. Fees charged by the firm typically consist of the following fee type: asset-based. The company does not supply a wrap fee program, in which the company offers a service bundle for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    Polaris Wealth Advisory Group caters to retail investors, high net worth investors, pension plans and corporations. Out of its 4,317 customers, Polaris Wealth Advisory Group's biggest client group is retail investors, but it also serves 308 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 22.08%
    • Other Individuals - 77.13%
    • Corporations - 0.79%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Polaris Wealth Advisory Group does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Polaris Wealth Advisory Group

    Nathan Rogers
    San Rafael, CA
    Spencer Daw
    Houston, TX
    Ryan Collette
    San Rafael, CA
    Matthew Erickson
    Troy, MI
    Stephen Lee
    Costa Mesa, CA
    Anton Schirmang
    Chicago, IL
    Russell Albright
    San Rafael, CA
    Christopher Parks
    Chicago, IL
    Michael Kreza
    Troy, MI

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